Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 675.02

+0.9%

Nov 25 4:00 PM EST

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To: GROUND ZERO™ who wrote (23391)	8/10/2011 10:30:42 AM
From: Gary105	Read Replies (2) of 219332

Market going according to plan - today we do not take out yesterdays lows. Tomorrow we hit 30 points below todays highs. Then within a few day(s) we hit 1180 creating P&F buy signal. This would serve both short term bulls and bears in the following manner bulls - it would point to at least a reflex rally bears - it will be a step towards setting up next sell signal (if above scenario plays out, then new P&F sell signal occurs at 1100)

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